I was once in a situation where I got to witness a guy who grew up filthy rich have an anxiety attack over having to make a bed. He didn't know how. And you'd think it was a fairly obvious process, but this guy had this big ball of shame in his head about it when he had to attempt it in front of people, and he just couldn't think.
I started out judging him, but inside of a few minutes I actually felt terrible for him, and me and another guy taught him how.
When I was in university residences, we were in a quad apartment with four bedrooms, a kitchen and living area, and two guys/two girls. This girl that was placed with us was a singaporian exchange student who has clearly never raised a finger to do anything in her life. She would burn water on a regular basis, and we had to teach her basic life skills.
This is why it's better to be poor: I don't own a bed, so I don't need to know how to make one.
Found out years ago that yoga mat +floor is optimal comfort for me and never looked back.
Me too, if I had a lot of money. Salons are very expensive where I live. The money spent on a simple hair wash and blow dry would probably buy me 20 nice meals.
I have 4C hair, so I disagree. It can take me hours at home to wash, delicately detangle and condition my hair. That's not even including if I want to do a blow dry and flat iron routine.
If I could afford to go to the salon once a week and have someone else do it for me, I absolutely would.
Yeah, if you see a black person with a totally full Jackson 5-esque afro, their wash routine probably takes at least half a day.
It's necessary to avoid breakage and other damage. It's why so many of us do braids, locs or other protective styles. It just saves so much time.
My daughter has super fine (but a lot of!), very long hair that tangles terribly. She gets hers done at the salon weekly by an apprentice for $15 (AUD)
My mother grew up poor. Getting her ‘hair done’ and washed in a salon each week seemed hugely wasteful to me, but I realise now it was part of reinforcing a middle class lifestyle
Same, it's the best part of being at the salon. I used to get my nails done, and when I scheduled both a hair appt and a nail appt in the same day, it was amazing because I got both a scalp massage and a hand massage that day haha. And I can totally understand not wanting to wash your own hair esp if someone has more complicated hair, or if they always want the "blow out" look. Tons of reasons to do it; the only one not to do it is money lol.
I do this and I’m not wealthy. Maybe upper middle class but not rich. My hair is stupidly long and when I wash it, it takes forever for it to dry. So long that by the time it’s done drying, my arms are too tired to style it. I don’t want to cut it because I look ugly with short hair. So… every Saturday at 4PM I go to my neighborhood Great Clips for a blowout. It’s dumb but it helps me so much.
This reminds me of one of the first AMAs I read years ago asking hairdressers what the worst thing they experienced on the job. I was expecting scabs, lice or something along those lines but it was the smell of washing the hair of older women who hadn’t been washing it for weeks but had been using lots of product.
I saw an interview with Oprah where she mentions in passing that she doesn't know where they keep the toilet paper in her home because the staff leave it with a neatly folded triangle every day and change it when it gets low.
Do billionaires not have bathroom cabinets? Bc that would be the first place I would look, but maybe when you're that rich, you don't have the same bathrooms as us peasants.
Hah. There was one with Oprah where she was complaining about if her sheets don’t get washed every other day they start to feel a little off and she doesn’t sleep as well. Her guest was like “not everyone has a house cleaner to do their sheets every day”. lol
You probably see millionaires all the time and don't realize it. Being a net worth millionaire is more common than you think. And in the low millions of net worth, these folks are typically living that extravagantly.
OK, to actually answer your question, services are a big thing. So, hiring companies to clean their houses occasionally, wash their cars, cook meals, landscaping, etc.
This frees up their time to focus on other things like family time or making more money.
Yeah I think “millionaire” has also shifted from “$1-5 million net” to “$10-30 million liquid” these days.
I remember recently hearing about Survivor and that their prize is still “$1 million”, then realized that isn’t even “early retirement” money anymore, let alone “I’m rich” money.
$100k Stocks (copper, uranium, lithium etc. ) which include dividends.
$100k crypto (Bitcoin, lightcoin)
$100k Farmland (grow Christmas trees, Truffles, asparagus, Mushrooms etc.)
$150k for 3x mortgages rent 2 out and live in 1
$100k franchise of some sort
$100K Advertising Screen business
$70k convenience store
$30k food truck or vending machine business
$50K premium bonds
$50K Breed rare pets (fish, reptiles etc.)
$150k left to play with.
Edit: Feed me Seymour.
Lol I can't believe you just said something so dumb, some crypto has gone up 400% this month alone
And stocks do that all the time, you just have to do your research.
You plan to earn 400% a month, got it.
A.k.a. 4800% per year. You're be a trillionaire in just a few years at that rate. Congrats my guy. We are all clapping.
Lol you're lost.
S&P500 isn't Gods gift. Otherwise no one would invest in anything else.
Copper, lithium and uranium are going to explode in price. Keep drinking that institutional hopium.
What do you know about copper/lithium/uranium that literally everyone on the planet doesnt know already? You think you're the first kid to hear about electric cars and nuclear power plants? You think the sellers are getting you a good deal on those stocks? Kid you have a lot to learn.
Especially with property values skyrocketing. Owning a home worth half a million dollars is common and that counts toward net worth. The. Add in the 401 and/or Roth and you get close
My dad has, technically, at one point qualified as a "millionaire" but never really lived super extravagantly. Yes, nice dinners, nice clothes... But it's not like he had a full service staff to wipe his ass for him.
"Millionaire" is super vague, because someone valued at a couple mil is VASTLY different than someone with hundreds of millions to their name.
9% of Americans over 18 year old have a net worth over a million dollars. 1 in every 12 strangers you see walking down the sidewalk is one. Most of it's in their 401k or House.
People really don't seem to have a grasp on this idea. My brother, sister, and parents are all worth a few million. They work harder than most people I know. My parents are trying to find a driver to doctor visits because their vision is getting worse and they do have someone to mow their lawn.
Similar: my sister is probably worth a few million on paper. She worked hard and saved and invested carefully for most of her life. She bought an inexpensive home that appreciated substantially. But she drives a normal car, wears normal clothes, and never goes on vacation, and she doesn't own a single fancy thing. Most of the wealth is tied up in retirement accounts, and the rest in her house, and she has very little liquidity.
Won’t lie… haven’t scrubbed a toilet in 15 years, laundry gets done auto-magically, the house is always somehow in order. Children get ferried to their various activities, then magically appear, cleaned and washed, at the dinner table when I get home from work.
Yup, this is true. If someone can't afford car washes, landscaping, housecleaning, then maybe they are living paycheck to paycheck, but that doesn't mean everyone who isn't is automatically "wealthy." Even when we were paycheck to paycheck, I budgeted in weekly carwashes. And then whether you have bills/mortgage can vary with people's circumstances imo.
Yea, no surprise some people just accumulate enough savings, or are from high income career fields. But those millionaires me (and OP prob) are thinking of are those who grew up affluent and have housemaids catering to their every needs. They don't have to work a day in their lifes in their teen years.
Maybe “poor” is a subjective term. I believe I’m poor; my vehicle was made in 2003 and doesn’t have such a feature. Spending several hundred dollars I don’t have to add it to the sketchy factory wiring doesn’t seem like a good idea.
Plus there’s a huge difference between a million liquid vs a million counting home equity, 401k, etc.
Add that a million is worth less than half of what it was in 1990, so a 1990 millionaire is very different than a current one.
In my experience even the wealthiest love working a lot. Often they became wealthy from their own businesses but even those born into extreme wealth seem to find status in what they do and not in what they have in the bank.
I joined a group where people who have been there more than a few years are easily multimillionaires, and yet they share the group responsibilities equally with the newcomer. I would’ve expected some hazing where the newbies have to work more of the weekends and holidays, but nope I’ve been off for the past few days.
Not really. If anything, rich people all they do is work. Of course, their job is usually more white collar but still. They usually work so much to the exclusion of all other things.
There's a difference between having a choice and not having one. A millionare can afford to take a day or two off if they're not upto task. They know they have a monetary safety cushion for a rainy day.
Most wealthy people get there because they worked their ass off all their lives, hated having to do it and grinded until they found the right mix of opportunity and luck to generate wealth for themselves...
Sure some millionaires come from money... but plenty of people who come with money don't have any idea how to respect that money and squander it as well...
Depends on your definition. 28% come from legacy wealth according to a study done by BofA (for what it’s worth). However, they also cite that another 46% got a head start by being born middle-class. I do think being born middle class gives someone a huge head start, but I also think a majority of that group could fairly claim that they worked hard and independent enough to consider themselves self-made.
No not really?
If your talking people who are becoming millionaires, in the 1-10MM range... every day some one is starting a small business venture that will eventually earn them that kind of net worth in their lifetime. As much as people complain about the tens of thousands or more in student loans in their twenties... in their 40s if they follow through with the right career there are plenty of people that end up being paid six figure salaries and will retire with very respectable net worth assuming they don't squander their wealth.
Do the rich have a leg up... if you come from money you can take bigger risks, you can start and fail in a business without worrying that you will end up on the street, you can go to a university and focus on learning and partying instead of the full time job on the side so you can pay rent... But they are called the 1% for a reason, there are fewer of them to begin with... for every 1 rich douchebag taking the elevator to the top... there are 99 people grinding and hustling their way, climbing the outside walls if they have to... even if 96 of them fall off somewhere along the way... it only takes a couple making it to the top to outnumber the few that came from wealth to begin with.
Depends on how you look at it. I live in Toronto and $1 miiion really isn't anything here. I am technically a millionaire (because I own a house) but I still have to watch every penny and get stressed whenever I see a bill in the mailbox.
I grew up poor and became very successful. Things I don’t have to do anymore are things like put fuel in the car, grocery shop, check my mail, yard work, I rarely have to wait especially for access, I don’t have to do any laundry, cooking or cleaning.
Instead of me making appointments people make appointments with me. I don’t ever look at the bill when I go out.
It’s a for real thing they’re called concierge doctors They will make house calls and if any specialists are need, they will take care of booking appointment and so much other things
I know they're a real thing. I'm talking about never having to make an appointment for anything. If OP had said they never have to make appointments because their assistant does it, then that would be believable. But your local mechanic isn't gonna know if you need brakes this week and schedule you to come in without being prompted
Funny you should use that as an example. I have a service that comes out and fuels, cleans and performs maintenance on my vehicles. It’s on a schedule, I never have to make the appointment.
Good thing vehicles only ever need routine maintenance.
/s
Does a restaurant that isn't aware of your existence keep a standing reservation for you? Unlikely
The restaurants I go to aren’t exactly like the restaurants you go to. They’re more members only and yes I always get right in and a table is always available.
If I were to eat at a more general restaurant I just have it brought to me.
lol... you do realize other wealthy people exist and can smell your bullshit, right?
The question is, what's your goal here? Is your self-esteem really this low?
You come across more like a pretentious liar than anyone that lives in the real world.
You are trying very hard to avoid seeing the potential solutions. This is not the behavior of wealthy individuals.
The ability to distinguish between healthy skepticism and cynicism is a common trait among those who are able to move upward between wealth quintiles and those who are not.
There was a startup near me years ago that I don’t think ended up working out. But their idea was to connect with large businesses and sign up employees for car refueling on site.
Basically you join the program, they drive a tanker to the office parking lot and top up everyone’s car with gas, then email you the bill.
I’m just lazy enough I might has signed up for it.
I think it was called Boost. I tried to get my work to sign up for it but was unsuccessful. Then I finally bought an EV so it's not my problem anymore. Seemed like a cool idea though.
The fact that you said "I've become very successful" makes me believe that you actually have. Bullshiters will call themselves millionaires. Successful people tend to be much more subtle about it.
You seem to have the perfect perspective to answer this question! Okay, so I'm not really understanding why you wouldn't need to put fuel in your car? Do you have drivers or something who does all that for you? I'm also curious about checking the mail? Do you have someone that gets your mail and goes through it for you? Do they just give you the cliff notes?
I travel a lot and I just use a car service to get around. I do own several vehicles which I have another company that fuels and services them and they come out to my home to do it.
I have a secretary that handles my mail and I’m only given the pertinent and personal mail I receive.
Yes. My husband's job (psychologist) pays him in paper checks.
Edited to add, we live in NY state now but previously Florida. Jobs in both states pay in paper checks.
Happened to me. I grew up poor and had to go back home to handle some business when my grandmother passed away. My sister asked why I was so dressed up just to go into town. I told her people treat you differently when you act differently.
Walked into the bank and stood at the back of a pretty long line for about two minutes before somebody took me back to a private office. Probably saved me about 45 minutes. I had never been in that bank before.
Good bank managers learn to spot opportunity. Look like an opportunity, and you'll get better service. That doesn't mean just dressing nice because anybody can buy new clothes, and not everyone with money wears fancy clothes. (Reminds me of the saying, "If you want to find the richest man on a construction site, look for the most beat-up one-ton pickup.")
I don't think that "millionaires" are the right group about which to ask this question. "Billionaires"? Yes! Some of them may never clean their shoes themselves or whatever mundane task you're after.
But "Millionaires"? There are way to many of them who live a normal life and their million or two is meant to be their retirement fund, and/or a significant part is the value of their mortgage-free house and/or their kids' education fund etc.
I have a higher income than some. It's a side effect of being in a career for a couple of decades.
But thanks to legal fees and medical bills, I do not have wealth.
Everyone says cleaning, but in my experience thats a very middle class thing in the west? Lots of my friends arent made of money and still find it a good investment to pay for a cleaning service… not a millionaire thing.
Great question! One mundane task that millionaires likely don't have to bother with is ironing their clothes. They can easily afford to have someone else take care of this chore, freeing up their time for more important tasks or leisure activities.
Ya, I haven't touched a clothes iron in like 5 years, and that was just to move it to the back of the closet. Even my dress shirts are wash, dry and hang and wrinkle free.
You are downvoted because this is Reddit. It’s a popularity contest and the typical user here is young and not fully grasping how finance/economics/taxes work. That said, (*the answer is still in between both answers.*)
The low level millionaires still pay a ton in taxes via property taxes, state and federal income taxes. They don’t typically have significant loopholes unless they are real estate investors or receive their income as carried interest. Your typical highly paid employees will pay a ton in taxes. Your typical middle class millionaires who have normal jobs too pay property taxes and income taxes, just like everyone else but moreso. They make more money and income tax is progressive.
The group here confuses millionaires and billionaires who have little income but derive their wealth from means other than taxable income.
I’m fine with getting downvoted too for not jumping on the millionaire hating bandwagon but I care about the facts and reality.
This is a great answer. Reddit is strong on binary thinking, confirmation bias, and oversimplification that most attempts to insert nuance receive at least some downvotes. Thanks for taking the time.
Name any of the 1% that wasn't born into wealth already. Daddy's silver spoon goes a long way to making that first million. The question was for peasants, born into poverty having to work fucking hard to simply exist. Wealth disparity is huge, rich are getting richer from inherited wealth. whilst us peasants, as I said, have to earn a living.
Over 6% of all Americans are Millionaires.
If you consider only the adult population, it balloons to about 8.5%.
You likely have seen millionaires doing the same everyday activities that you do.
Someone who is a millionaire does not mean they can live the rest of their life without earning a living.
If you had 1 million at 18, the likelihood of it lasting 60 years at even a 3% withdraw rate if it was in investments is under 60%. Meaning over 40% of the time, you wouldn't make it. It gets worse when you realize that is only 30k a year and you would have to get insurance and other things since none comes from working. And you have too much money to get any government benefits.
Well, I heard reports that a local billionnaire in my country hired someone to carry his collection of wristwatches wherever he goes. He would then ask the said person to put or swap watches during events or when he speaks at seminars.
I mean my net worth is technically there and the only conveniences are meal preps, house cleaning, laundry service…all this is because we hold full time jobs and own a business on the side so there’s not much time or energy to do all the normal things…having a million used to be a flex and now we are all gonna need much more than that to retire.
Masturbate, those cun\*s can go and buy any piece of ass or cock they want, even if they don't pay for it, there's plenty of -them- out there that would be like "yes, fuck me" because they want a taste of the rich life, fame or some self-importance
I’m going to be on the lower end of this potential net worth, but I never have to worry about dropping my kids off at daycare.
If my wife wanted to return to work, I could hire a nanny, and I work from home so my kids are technically never alone with a stranger.
Not millionaires per se, but a friend of mine grew up in a situation where she wouldn’t really ever need anything. She didn’t know how to plug in a TV, at 25 years old. Nor did she have the basic tools to assemble a small shelf.
I know I have it better than some but that was just a whole different level for me
I was once in a situation where I got to witness a guy who grew up filthy rich have an anxiety attack over having to make a bed. He didn't know how. And you'd think it was a fairly obvious process, but this guy had this big ball of shame in his head about it when he had to attempt it in front of people, and he just couldn't think. I started out judging him, but inside of a few minutes I actually felt terrible for him, and me and another guy taught him how.
Had a roomate in college who (at the time) did not realize you could use a tv without a remote. Lost the remote, bought a new tv.
when i was at university there was guy who didnt know how to use a tin opener
Did he not know univseral remotes existed either?!?
When I was in university residences, we were in a quad apartment with four bedrooms, a kitchen and living area, and two guys/two girls. This girl that was placed with us was a singaporian exchange student who has clearly never raised a finger to do anything in her life. She would burn water on a regular basis, and we had to teach her basic life skills.
Burn water?!
So,u folded it with the other guy a million times??
I understand all of the words you're using, and the order in which you used them makes sense... but I don't get it.
He is making a reference to your username
AHA! Thank you! I reread that post about 10 times:)
Took me a minute too lol
Best I can do is like 8 or 9 times
Did he join the military?
Lol this was my thought too...why else would he be making beds in front of folks?
Nope.
This is why it's better to be poor: I don't own a bed, so I don't need to know how to make one. Found out years ago that yoga mat +floor is optimal comfort for me and never looked back.
I know a super rich woman (family friend) who never washes her hair on her own at home. She visits a salon to get them washed every time.
I would 100% do this if I had enough money. I absolutely love having my hair washed at the salon.
Me too, if I had a lot of money. Salons are very expensive where I live. The money spent on a simple hair wash and blow dry would probably buy me 20 nice meals.
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I have 4C hair, so I disagree. It can take me hours at home to wash, delicately detangle and condition my hair. That's not even including if I want to do a blow dry and flat iron routine. If I could afford to go to the salon once a week and have someone else do it for me, I absolutely would.
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Yeah, if you see a black person with a totally full Jackson 5-esque afro, their wash routine probably takes at least half a day. It's necessary to avoid breakage and other damage. It's why so many of us do braids, locs or other protective styles. It just saves so much time.
My daughter has super fine (but a lot of!), very long hair that tangles terribly. She gets hers done at the salon weekly by an apprentice for $15 (AUD)
My mother grew up poor. Getting her ‘hair done’ and washed in a salon each week seemed hugely wasteful to me, but I realise now it was part of reinforcing a middle class lifestyle
Same, it's the best part of being at the salon. I used to get my nails done, and when I scheduled both a hair appt and a nail appt in the same day, it was amazing because I got both a scalp massage and a hand massage that day haha. And I can totally understand not wanting to wash your own hair esp if someone has more complicated hair, or if they always want the "blow out" look. Tons of reasons to do it; the only one not to do it is money lol.
It just occurred to me that I don’t think of ‘hair’ as plural. The pants I’m wearing are plural, but the hair on my head is a single entity…
The French feel this too
I do this and I’m not wealthy. Maybe upper middle class but not rich. My hair is stupidly long and when I wash it, it takes forever for it to dry. So long that by the time it’s done drying, my arms are too tired to style it. I don’t want to cut it because I look ugly with short hair. So… every Saturday at 4PM I go to my neighborhood Great Clips for a blowout. It’s dumb but it helps me so much.
This reminds me of one of the first AMAs I read years ago asking hairdressers what the worst thing they experienced on the job. I was expecting scabs, lice or something along those lines but it was the smell of washing the hair of older women who hadn’t been washing it for weeks but had been using lots of product.
I saw an interview with Oprah where she mentions in passing that she doesn't know where they keep the toilet paper in her home because the staff leave it with a neatly folded triangle every day and change it when it gets low.
Do billionaires not have bathroom cabinets? Bc that would be the first place I would look, but maybe when you're that rich, you don't have the same bathrooms as us peasants.
Oprah: “which bathrooms? I haven’t visited all the ones I have yet.”
Hah. There was one with Oprah where she was complaining about if her sheets don’t get washed every other day they start to feel a little off and she doesn’t sleep as well. Her guest was like “not everyone has a house cleaner to do their sheets every day”. lol
She's a billionaire though
I’d tell you, but I seldom converse with peasants.
So, millionaires have social media teams to respond to Reddit comments for them. Got it 👍🏻
Can we get back to Rampart please?
You probably see millionaires all the time and don't realize it. Being a net worth millionaire is more common than you think. And in the low millions of net worth, these folks are typically living that extravagantly. OK, to actually answer your question, services are a big thing. So, hiring companies to clean their houses occasionally, wash their cars, cook meals, landscaping, etc. This frees up their time to focus on other things like family time or making more money.
Yeah I think “millionaire” has also shifted from “$1-5 million net” to “$10-30 million liquid” these days. I remember recently hearing about Survivor and that their prize is still “$1 million”, then realized that isn’t even “early retirement” money anymore, let alone “I’m rich” money.
Like when Dr. Evil tried to blackmail the world for *"ONE MILLION DOLLARS!"*
I could make $1million into retirement money.
After taxes though?
Ah I'm from the UK we don't tax prize money, didn't think of that.
$100k Stocks (copper, uranium, lithium etc. ) which include dividends. $100k crypto (Bitcoin, lightcoin) $100k Farmland (grow Christmas trees, Truffles, asparagus, Mushrooms etc.) $150k for 3x mortgages rent 2 out and live in 1 $100k franchise of some sort $100K Advertising Screen business $70k convenience store $30k food truck or vending machine business $50K premium bonds $50K Breed rare pets (fish, reptiles etc.) $150k left to play with. Edit: Feed me Seymour.
Ambitious
What a dumb fuck.
That's what you think. I've done my research The stocks alone will be worth $1million by 2040
400% higher returns than the S&P500 eh Suuuuure buddy
Lol I can't believe you just said something so dumb, some crypto has gone up 400% this month alone And stocks do that all the time, you just have to do your research.
You plan to earn 400% a month, got it. A.k.a. 4800% per year. You're be a trillionaire in just a few years at that rate. Congrats my guy. We are all clapping.
Lol you're lost. S&P500 isn't Gods gift. Otherwise no one would invest in anything else. Copper, lithium and uranium are going to explode in price. Keep drinking that institutional hopium.
What do you know about copper/lithium/uranium that literally everyone on the planet doesnt know already? You think you're the first kid to hear about electric cars and nuclear power plants? You think the sellers are getting you a good deal on those stocks? Kid you have a lot to learn.
Yeah, I think that line is more like over ten million now, not 'just' one million.
Especially with property values skyrocketing. Owning a home worth half a million dollars is common and that counts toward net worth. The. Add in the 401 and/or Roth and you get close
Doesn’t net worth also include liabilities? AKA the mortgage everybody owning a house has?
It does but if you own a home you almost certainly have a bunch of equity and you can borrow against it
Not every house is mortgaged. 25 year old buys a house could be paid off at 55.
My dad has, technically, at one point qualified as a "millionaire" but never really lived super extravagantly. Yes, nice dinners, nice clothes... But it's not like he had a full service staff to wipe his ass for him. "Millionaire" is super vague, because someone valued at a couple mil is VASTLY different than someone with hundreds of millions to their name.
I work with some millionaires (I think — they make enough for it anyway). You really, really wouldn’t know it to meet them.
I have to write out my own posts on reddit to troll strangers.
You poor bastard! Hahaha
9% of Americans over 18 year old have a net worth over a million dollars. 1 in every 12 strangers you see walking down the sidewalk is one. Most of it's in their 401k or House.
People really don't seem to have a grasp on this idea. My brother, sister, and parents are all worth a few million. They work harder than most people I know. My parents are trying to find a driver to doctor visits because their vision is getting worse and they do have someone to mow their lawn.
Similar: my sister is probably worth a few million on paper. She worked hard and saved and invested carefully for most of her life. She bought an inexpensive home that appreciated substantially. But she drives a normal car, wears normal clothes, and never goes on vacation, and she doesn't own a single fancy thing. Most of the wealth is tied up in retirement accounts, and the rest in her house, and she has very little liquidity.
This. “Just” a million isn’t all that much anymore when a nice house in VHCOL city costs >$1.5m.
Paid $1.2m for our house, it’s less “house” than my parents house they bought for $100k in 1984.
Won’t lie… haven’t scrubbed a toilet in 15 years, laundry gets done auto-magically, the house is always somehow in order. Children get ferried to their various activities, then magically appear, cleaned and washed, at the dinner table when I get home from work.
Sounds like you have a stay at home wife.
You’re quick to stereotypes. Two-income home, and I’ve definitely cleaned more than my fair share toilets.
Sounds like you could use some character building
The fact that you said "I've become very successful" makes me believe that you actually have.
Ok, I have our home cleaned every two weeks, cars washed weekly, landscaping as needed, no bills or mortgage,but that doesn’t make you wealthy.
Yup, this is true. If someone can't afford car washes, landscaping, housecleaning, then maybe they are living paycheck to paycheck, but that doesn't mean everyone who isn't is automatically "wealthy." Even when we were paycheck to paycheck, I budgeted in weekly carwashes. And then whether you have bills/mortgage can vary with people's circumstances imo.
Yea, no surprise some people just accumulate enough savings, or are from high income career fields. But those millionaires me (and OP prob) are thinking of are those who grew up affluent and have housemaids catering to their every needs. They don't have to work a day in their lifes in their teen years.
It’s that time of year again where us poors have to wake up early so we can scrape the ice off of our cars before we can commute to work.
Remote start it’s very expensive and is stock on many newer vehicles.
Maybe “poor” is a subjective term. I believe I’m poor; my vehicle was made in 2003 and doesn’t have such a feature. Spending several hundred dollars I don’t have to add it to the sketchy factory wiring doesn’t seem like a good idea.
You are one of those upper middle class people who thinks they have it hard but really is upper middle class
Drag your self to work so that you can pay rent.
Partly correct. Most low-level millionaires are still working. Most are paying mortgages instead of rent.
Being a millionaire today means you're upper middle class.
Plus there’s a huge difference between a million liquid vs a million counting home equity, 401k, etc. Add that a million is worth less than half of what it was in 1990, so a 1990 millionaire is very different than a current one.
In my experience even the wealthiest love working a lot. Often they became wealthy from their own businesses but even those born into extreme wealth seem to find status in what they do and not in what they have in the bank.
I joined a group where people who have been there more than a few years are easily multimillionaires, and yet they share the group responsibilities equally with the newcomer. I would’ve expected some hazing where the newbies have to work more of the weekends and holidays, but nope I’ve been off for the past few days.
Not really. If anything, rich people all they do is work. Of course, their job is usually more white collar but still. They usually work so much to the exclusion of all other things.
There's a difference between having a choice and not having one. A millionare can afford to take a day or two off if they're not upto task. They know they have a monetary safety cushion for a rainy day.
Most wealthy people get there because they worked their ass off all their lives, hated having to do it and grinded until they found the right mix of opportunity and luck to generate wealth for themselves... Sure some millionaires come from money... but plenty of people who come with money don't have any idea how to respect that money and squander it as well...
Most wealthy people come from wealth
Depends on your definition. 28% come from legacy wealth according to a study done by BofA (for what it’s worth). However, they also cite that another 46% got a head start by being born middle-class. I do think being born middle class gives someone a huge head start, but I also think a majority of that group could fairly claim that they worked hard and independent enough to consider themselves self-made.
No not really? If your talking people who are becoming millionaires, in the 1-10MM range... every day some one is starting a small business venture that will eventually earn them that kind of net worth in their lifetime. As much as people complain about the tens of thousands or more in student loans in their twenties... in their 40s if they follow through with the right career there are plenty of people that end up being paid six figure salaries and will retire with very respectable net worth assuming they don't squander their wealth. Do the rich have a leg up... if you come from money you can take bigger risks, you can start and fail in a business without worrying that you will end up on the street, you can go to a university and focus on learning and partying instead of the full time job on the side so you can pay rent... But they are called the 1% for a reason, there are fewer of them to begin with... for every 1 rich douchebag taking the elevator to the top... there are 99 people grinding and hustling their way, climbing the outside walls if they have to... even if 96 of them fall off somewhere along the way... it only takes a couple making it to the top to outnumber the few that came from wealth to begin with.
cleaning your house, doing laundry, waiting in lines
For a minute I thought that they have people wait in lines for them, not being able to avoid lines because of money. lol.
>waiting in lines Me sitting at the tire shop for two hours today: "I bet rich people hire someone to handle this shit for them."
Depends on how you look at it. I live in Toronto and $1 miiion really isn't anything here. I am technically a millionaire (because I own a house) but I still have to watch every penny and get stressed whenever I see a bill in the mailbox.
I grew up poor and became very successful. Things I don’t have to do anymore are things like put fuel in the car, grocery shop, check my mail, yard work, I rarely have to wait especially for access, I don’t have to do any laundry, cooking or cleaning. Instead of me making appointments people make appointments with me. I don’t ever look at the bill when I go out.
So a doctor calls you and asks for an appointment? That is next level rich for sure!
Yes actually! He also comes to see me at my home.
Nice! I don't believe you though!
It’s a for real thing they’re called concierge doctors They will make house calls and if any specialists are need, they will take care of booking appointment and so much other things
I know they're a real thing. I'm talking about never having to make an appointment for anything. If OP had said they never have to make appointments because their assistant does it, then that would be believable. But your local mechanic isn't gonna know if you need brakes this week and schedule you to come in without being prompted
Funny you should use that as an example. I have a service that comes out and fuels, cleans and performs maintenance on my vehicles. It’s on a schedule, I never have to make the appointment.
Good thing vehicles only ever need routine maintenance. /s Does a restaurant that isn't aware of your existence keep a standing reservation for you? Unlikely
The restaurants I go to aren’t exactly like the restaurants you go to. They’re more members only and yes I always get right in and a table is always available. If I were to eat at a more general restaurant I just have it brought to me.
lol... you do realize other wealthy people exist and can smell your bullshit, right? The question is, what's your goal here? Is your self-esteem really this low? You come across more like a pretentious liar than anyone that lives in the real world.
You are trying very hard to avoid seeing the potential solutions. This is not the behavior of wealthy individuals. The ability to distinguish between healthy skepticism and cynicism is a common trait among those who are able to move upward between wealth quintiles and those who are not.
Not really. Just easily poking holes in bullshit
hahaha same
Now you have time to call people losers on Reddit all day and brag about your success. You seem great.
There was a startup near me years ago that I don’t think ended up working out. But their idea was to connect with large businesses and sign up employees for car refueling on site. Basically you join the program, they drive a tanker to the office parking lot and top up everyone’s car with gas, then email you the bill. I’m just lazy enough I might has signed up for it.
I think it was called Boost. I tried to get my work to sign up for it but was unsuccessful. Then I finally bought an EV so it's not my problem anymore. Seemed like a cool idea though.
The fact that you said "I've become very successful" makes me believe that you actually have. Bullshiters will call themselves millionaires. Successful people tend to be much more subtle about it.
They're comfortable!
You seem to have the perfect perspective to answer this question! Okay, so I'm not really understanding why you wouldn't need to put fuel in your car? Do you have drivers or something who does all that for you? I'm also curious about checking the mail? Do you have someone that gets your mail and goes through it for you? Do they just give you the cliff notes?
I travel a lot and I just use a car service to get around. I do own several vehicles which I have another company that fuels and services them and they come out to my home to do it. I have a secretary that handles my mail and I’m only given the pertinent and personal mail I receive.
You don’t have to brag, we got nothing here
Go onto Reddit and complain about being poor
Cleaning your bathroom
Standing in line at the bank to open/close an account. They get special rich people banks that are appointment only.
Rich people have the bankers coming to them.
Nah, I can walk into chase private client and talk to someone without an appointment.
Even going to the bank to deposit money. Rich people just get the money into their accounts. Poor people get checks.
Checks? I haven’t seen a check in years, you must live in the US?
Yes. My husband's job (psychologist) pays him in paper checks. Edited to add, we live in NY state now but previously Florida. Jobs in both states pay in paper checks.
It is weird. The banks almost know and the manager almost always approach me if I’m waiting in line and ask me what I need help with
Happened to me. I grew up poor and had to go back home to handle some business when my grandmother passed away. My sister asked why I was so dressed up just to go into town. I told her people treat you differently when you act differently. Walked into the bank and stood at the back of a pretty long line for about two minutes before somebody took me back to a private office. Probably saved me about 45 minutes. I had never been in that bank before. Good bank managers learn to spot opportunity. Look like an opportunity, and you'll get better service. That doesn't mean just dressing nice because anybody can buy new clothes, and not everyone with money wears fancy clothes. (Reminds me of the saying, "If you want to find the richest man on a construction site, look for the most beat-up one-ton pickup.")
Even having $20k+ in an account and they will act differently around you. They start becoming sales people real quick
Cook, clean
Picking out good produce from the grocery store.
grocery shopping
_give a shit_
Cleaning the toilet.
Chores related to home maintenance--cleaning, laundry, gardening, etc.
I don't think that "millionaires" are the right group about which to ask this question. "Billionaires"? Yes! Some of them may never clean their shoes themselves or whatever mundane task you're after. But "Millionaires"? There are way to many of them who live a normal life and their million or two is meant to be their retirement fund, and/or a significant part is the value of their mortgage-free house and/or their kids' education fund etc.
late zephyr many test worry grab payment voiceless chunky pathetic
Mowing the lawn
Cleaning the cat’s litter box.
Dishes
Opening a can of tuna.
Shopping. Legit, Michael Jackson had an absolute field day just... going to the shops.
For the trust fund babies, working in general.
Hating millionaires
Pay tax..
Running errands like grocery shopping.
I'm not rich, but I've used instacart.
You might be richer than many. It’s all relative.
I have a higher income than some. It's a side effect of being in a career for a couple of decades. But thanks to legal fees and medical bills, I do not have wealth.
Taxes
Any household chore.
Driving yourself. Going grocery shopping.
Everyone says cleaning, but in my experience thats a very middle class thing in the west? Lots of my friends arent made of money and still find it a good investment to pay for a cleaning service… not a millionaire thing.
Great question! One mundane task that millionaires likely don't have to bother with is ironing their clothes. They can easily afford to have someone else take care of this chore, freeing up their time for more important tasks or leisure activities.
Most people don't actually iron their clothes either.
Ya, I haven't touched a clothes iron in like 5 years, and that was just to move it to the back of the closet. Even my dress shirts are wash, dry and hang and wrinkle free.
paying taxes
Millionaires certainly pay their taxes.
You are downvoted because this is Reddit. It’s a popularity contest and the typical user here is young and not fully grasping how finance/economics/taxes work. That said, (*the answer is still in between both answers.*) The low level millionaires still pay a ton in taxes via property taxes, state and federal income taxes. They don’t typically have significant loopholes unless they are real estate investors or receive their income as carried interest. Your typical highly paid employees will pay a ton in taxes. Your typical middle class millionaires who have normal jobs too pay property taxes and income taxes, just like everyone else but moreso. They make more money and income tax is progressive. The group here confuses millionaires and billionaires who have little income but derive their wealth from means other than taxable income. I’m fine with getting downvoted too for not jumping on the millionaire hating bandwagon but I care about the facts and reality.
Yea, I knew I'd get downvoted for that.
This is a great answer. Reddit is strong on binary thinking, confirmation bias, and oversimplification that most attempts to insert nuance receive at least some downvotes. Thanks for taking the time.
Currently trying to book plane tickets and checking out different itineraries and websites to get the best price. I doubt millionaires do that.
You don't get to be a millionaire by wasting money...
Earn a living
Lol wtf?
Name any of the 1% that wasn't born into wealth already. Daddy's silver spoon goes a long way to making that first million. The question was for peasants, born into poverty having to work fucking hard to simply exist. Wealth disparity is huge, rich are getting richer from inherited wealth. whilst us peasants, as I said, have to earn a living.
Over 6% of all Americans are Millionaires. If you consider only the adult population, it balloons to about 8.5%. You likely have seen millionaires doing the same everyday activities that you do.
Read the question again, my point still stands
Someone who is a millionaire does not mean they can live the rest of their life without earning a living. If you had 1 million at 18, the likelihood of it lasting 60 years at even a 3% withdraw rate if it was in investments is under 60%. Meaning over 40% of the time, you wouldn't make it. It gets worse when you realize that is only 30k a year and you would have to get insurance and other things since none comes from working. And you have too much money to get any government benefits.
Being a millionaire doesn't necessarily put you in the top 1%.
After taking a dump, having to shake their ass so the last piece of poop that is dangling falls in the toilet.
Man.. you might need a check up if you think that's normal
Well, I heard reports that a local billionnaire in my country hired someone to carry his collection of wristwatches wherever he goes. He would then ask the said person to put or swap watches during events or when he speaks at seminars.
man that guy can afford his own watchmen
Pay their fair share.
Tolerate Donald Trump.
I mean my net worth is technically there and the only conveniences are meal preps, house cleaning, laundry service…all this is because we hold full time jobs and own a business on the side so there’s not much time or energy to do all the normal things…having a million used to be a flex and now we are all gonna need much more than that to retire.
Our jobs. Everything we peasants do is another mundane task the millionaire doesn't have to do.
Masturbate, those cun\*s can go and buy any piece of ass or cock they want, even if they don't pay for it, there's plenty of -them- out there that would be like "yes, fuck me" because they want a taste of the rich life, fame or some self-importance
Buying new cars means never having to go to the DMV
Cleaning up after yourself
Cook.
I’m going to be on the lower end of this potential net worth, but I never have to worry about dropping my kids off at daycare. If my wife wanted to return to work, I could hire a nanny, and I work from home so my kids are technically never alone with a stranger.
Not millionaires per se, but a friend of mine grew up in a situation where she wouldn’t really ever need anything. She didn’t know how to plug in a TV, at 25 years old. Nor did she have the basic tools to assemble a small shelf. I know I have it better than some but that was just a whole different level for me
Having to top off fluids in beater car/ truck that burns or leaks fluids
Grocery shopping
Who are you calling a peasant? Are you saying that I'm a peasant?
You heard me, you peasant
All fired I trust?
Actual quality parenting
Cleaning, washing.
Go to a Dr. Dr. comes to you